Global Markets - Latest Developments
Rocket Lab acquires space hardware company Planetary Systems Corporation (“PSC”). Crux CFO Advisors was the exclusive financial advisor in the transacation.
The participants of NATSATTEL 2021 online conference had plenty of topics on their agenda: transformation of satellite communications industry, convergence with 5G, LEO broadband constellations, software-defined space and ground segments, new challenges and new urgent tasks, sustainability, space debris issues, broadening digital inclusion, and much more. The event was organized by the Intersputnik International Organization of Space Communications, as an integral part of Organization’s 50th anniversary celebrations.
The Asia Video Industry Association (AVIA) ended off the year with a series of virtual conferences attended by over 1600 delegates across Asia Pacific, and its first in-person industry conference and dinner in over two years, Resilience 100, at the Grand Hyatt Singapore.
The traditional satcom industry continues to be in a state of rapid change, and still in a state of turmoil. While the industry is currently dominated by a handful of major players, this could also change dramatically over the next five years as new technologies and standards reset the competitive landscape. And despite the impact of Covid, there has been no let-up of interest in investment into the space industry with US$ 5.5 Billion in collective proceeds from all 13 space Special Purpose Acquisition Companies (SPACs) transactions.
The organizers of IBC announces that the in person IBC2021 event has been cancelled. The move followed growing concerns about the COVID-19 situation in The Netherlands, which has deteriorated over the past week, and feedback from the IBC exhibitor and visitor community.
Voyager Space Inc. today announced its intent to acquire a majority stake in San Diego-based Space Micro. Space Micro is a highly innovative engineering-driven business focused on advancing high-performance satellite communications, digital, and electro-optical systems with over 2.7 million hours of space flight heritage.
Telesat Corporation announced today that it is now a public company and will begin trading on the Nasdaq Global Select Market (“NASDAQ”) and the Toronto Stock Exchange (“TSX”) under the ticker symbol “TSAT”. This follows the closing of Telesat’s previously announced transaction with Loral Space & Communications Inc.
The Asia Video Industry Association (AVIA) will be hosting its annual Satellite Industry Forum on Thursday, 18 November this year, under the Asia Video Summit umbrella of events which are taking place from 11 – 18 November.